KSM - Analysis



10/8/20221 min read

Last week, KSM registered a range trend between two support and resistance ranges. The resistance is in the range of $43.8 to $44.8, and the support which is in the range of $37.8 to $40.3, has so far prevented the currency from continuing to move in both directions. A downtrend line is also considered as resistance on the chart and reinforces the static resistance range so buyers need to break through the dynamic resistance to reverse the price. In this case, the first target that can be considered for this currency is in the range of $57, which resistance can make the price enter a corrective wave in smaller time frames. In the four-hour time frame, an uptrend line can be used as support. If this support range is broken, the price can again move towards the main support.